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Preview — A Random Walk Down Wall Street; Including a Life-Cycle Guide to Personal Investing by Burton G. Malkiel
A Random Walk Down Wall Street; Including a Life-Cycle Guide to Personal Investing
This gimmick-free, irreverent, and vastly informative guideâ��with over half a million copies soldâ��shows how to navigate the turbulence on Wall Street and beat the pros at their own game.Skilled at puncturing financial bubbles and other delusions of the Wall Street crowd, Burton Malkiel shows why a broad portfolio of stocks selected at random will match the performance ...more
Popular Answered Questions
For the statistically interested, the problem with a lo ...more
It's hard to work in Silicon Valley without being affected by Wall Street. When I started working I was interested in technology, not business and finance. Business and finance seemed a bit beneath me. (Actually, technology seemed a bit beneath me too. I was kind of a snot ...more
The first thing I noticed is that Malkiel is a surprisingly gifted writer. He is capable of telling a good story, he's cultured enough to make interesting references, and he has that quintessential skill of all popular writers: the ability to present ideas clearly without dumbing them down. For someone in ...more
Malkiel’s approach is excellent for most of us who are not into stock analysis. He gets high marks for a couple of things: (1) He proposed a market index fund before such a thing even existed. (2) He has revised his book eleven times. In other words he has some street cred. Wall Street ...more
First, Mutual funds are managed and rarely outperform the market. For this lack of performance, you get to give away a percentage each ...more
I apply that approach the (index funds) to the Nikkei Stock Average and the Dow Jones industrial average stock price.
I have already read the book several times by overlapping edition.
I carry out the index funds .
Periodically I buy it
Practice is important!!!!!!!!!!!!!!!!!!!
---------- it probability distribution manner to distribute the investment in each month
This is the right decision.
the book is worthy of reading repeat and then You ...more
The book begins with a fairly boring recount of seve ...more
The record of professionals does not suggest that sufficient predictability exists in the stock market or that there are enough recognizable irrationalities to produce exploitable opportunities to earn...more
"Investors would be far better off buying and holding an index fund than attempting to buy and sell individual securities or actively managed mutual funds."
There's not much more to it.
The rest is a generally readable and informative background and support for this theory, plus a lot of good general investing understanding.
I feel more informed after reading this.
Remember that scene from The Graduate? Well, don't invest in plastics. Invest in Index Funds. Simple.
"An investment in knowledge pays the best interest." - Benjamin Franklin
Lessons learnt: Invest in passive index funds for a very long time with money you won't need until retirement!
Stocks go up and stocks go down - that's about it for my knowledge on stock markets. In A Random Walk Down Wall Street Burton G. Malkiel argues that I'm not too different from almost all financial 'advisers'. After reading the book your knowledge has however gained two very important pieces of information:
Stocks ten ...more
This is a nice sum-up of the EMH and MPT. The author explains why fundamental stock analysis cannot beat the market, therefore the best way to invest is to buy an index fund. He started with the major financial bubbles and concluded that the stock market is very unpredictable and even the brightest mind cannot foresee the bubbles. He went on to explain why the market is very efficient, behavior finance, and why most fund managers cannot beat the market. He then analyzed different asset ...more
I have mixed feelings about this book. Positively, Part 1 of the book (Stocks and Their Value) and Part 4 of the book (A Practical Guide for Random Walkers) are very helpful and straightforward and well worth the read for anyone intereste ...more